BHP Enters Share Subscription Deal With SolGold - Quick Facts

BHP (BHP.AX,BLT.L,BBL,BHP) has entered into an agreement with SolGold Plc, under which BHP will subscribe for 77 million new SolGold shares for an aggregate subscription price of 17.06 million pounds. BHP has agreed to pay 22.15 pence per SolGold share. Following completion of the private placement, BHP's interest in SolGold would increase from 11.1 percent to 14.7 percent. BHP will become the largest shareholder by a small margin.

SolGold is the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador.

Also, BHP will also receive options over 19.25 million SolGold shares which are exercisable until 25 November 2024 at a price of 37 pence per share.

Apple Inc. is taking necessary precautions including Covid-19 testing for those employees returning to work at its headquarters in Silicon Valley, Bloomberg reported citing people familiar with the process. The company, which opened its main Apple Park office in May bringing back some hardware and software engineers, plans the gradual reopening of the building keeping the coronavirus safeguards.

A U.S. appeals court has blocked the sales of Bayer AG's dicamba-based Xtendimax in the United States. The three-judge panel in the U.S. Court of Appeals for the Ninth Circuit ruled that the US Environmental Protection Agency (EPA) overstated the protections and substantially understated or ignored the risks related to the use of dicamba-based herbicides.

Tesla Chief Executive Officer Elon Musk has called for a breakup of Amazon after the online retail giant refused to publish an upcoming book about COVID-19. Writer Alex Berenson said on Twitter that Amazon refused to publish his booklet about the coronavirus as it did not comply with the company's guidelines. Berenson is a former New York Times reporter.